Compass (NYSE:COMP) CEO Robert Reffkin Sells 23,456 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $12.51, for a total transaction of $293,434.56. Following the sale, the chief executive officer owned 7,781,204 shares of the company’s stock, valued at approximately $97,342,862.04. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Stock Performance

Shares of COMP stock opened at $12.60 on Friday. Compass, Inc. has a 52 week low of $6.12 and a 52 week high of $13.95. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 629.85 and a beta of 2.34. The company has a 50-day simple moving average of $8.86 and a 200 day simple moving average of $9.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.20. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Compass had a net margin of 0.17% and a return on equity of 1.11%. On average, sell-side analysts predict that Compass, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on COMP shares. Barclays decreased their price objective on Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Wells Fargo & Company dropped their target price on Compass from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Morgan Stanley boosted their target price on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, BTIG Research set a $12.00 price target on shares of Compass in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.62.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.